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The Top 10 Things You Need to Know When Purchasing a Foreclosed Property in Metro Atlanta - #8

By
Real Estate Agent with Keller Williams Realty - Atlanta Partners GARE#173400

8. Banks Select the Closing Attorney

In most transactions, banks have their own attorneys and will require you use them. Although there have been plenty of successful negotiations to select an attorney you or your real estate agent may have a relationship with, this allows the bank to control the transaction.

There is a relatively small group of attorneys that typically handle foreclosed properties for the lenders in Metro Atlanta. They are well-versed in the bank's process and will be best prepared to ensure a smooth and timely closing.

Because of the current volume of foreclosed properties, these law firms are on very tight deadlines and may "appear" to not be cooperating with you as a Buyer. You therefore have the option to obtain your own attorney to represent you at the closing and this may be at your own expense.

If you would prefer to close with a particular law office it does not hurt to ask. You may be surprised and get what you ask for.

If you are thinking of buying or selling a home, contact Andre Allen, REALTOR® with Keller Williams Realty - Atlanta Partners servicing the real estate needs of Metro Atlanta, GA.  Contact me at (678) 252-2959 or AndreAllen@kw.com.